A cartel is:
a. a joint venture of two companies.
b. a joining of firms for the purpose of fixing prices and controlling output.
c. a breaking up of a company into two or more parts.
d. the joining of industry with government to solve a specified problem.
e. the joining of two firms with unrelated products.
b
Economics
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Monetary policy is limited in that:
A. it can only affect inflation in the long run. B. it can only affect real growth in the short run. C. it can only affect real growth in the long run. D. it can only affect inflation in the short run.
Economics
When does the marginal social cost of producing a good exceed the marginal private cost of producing it?
What will be an ideal response?
Economics